Articles by October, 2022

The Orcam company founded by Amnon Shashua and Ziv Aviram is laying off 62 employees, most of them in Israel. The company, which was founded in 2010, distributed hearing letters before layoffs to 62 employees, who make up 16% of the company in Israel. The company did not respond. Recently, the company underwent a significant change when Amnon Shashua, one of the founders of the company, stepped down from the position of CEO and transferred the position to Elad Zarfati, who worked with him at Mobilay. Zarfati led a significant reorganization plan as part of a response to changes in world...

Five election campaigns in less than four years cost us a lot of money, when all the expenses and damages to the economy in one election campaign are estimated at three billion shekels, including the cost of the Sabbath day and the damage to economic growth. Today (Sunday) the Finance Committee approved the budget proposal of the Central Election Committee for the elections to the 25th Knesset, which this time will amount to approximately NIS 538 million

The unemployment rate decreased slightly in September, along with the typical decrease for the summer months and holidays in the employed rate. However, relative stability has recently been maintained in the field of unemployment in Israel and it continues to be low to a similar extent as it was on the eve of the Corona crisis. The data of the Central Bureau of Statistics (CBS) published on Monday shows that the basic unemployment rate in Israel, according to international definitions, reached 3.9% in September, which is 172.8 thousand unemployed - about 7,200 less than in August, when the...

On Thursday, Prime Minister Yair Lapid will bring to the government's approval a horizontal cut in the state budget for 2023, in order to finance the salary agreement with the Teachers' Union - after it became clear that the agreement was illegal. The agreement was signed without finding a budgetary source to finance it, at a cost of NIS 4.5 billion per year

The aerospace industry will take part for the first time in the world air exhibition that will be held in Bahrain. At the prestigious exhibition, which will be held between November 9 and 11, IAI will present its range of developments that reflect the forefront of technology, including products for civil aviation, radars, air defense systems, coastal defense and defense systems using drones. The advanced systems of the aerospace industry will be displayed in the impressive pavilion that the company will build, which will mark 70 years of expertise and innovation. This is the first time an...

The government convened for a special meeting in the Prime Minister's office in order to discuss and finally approve the maritime border agreement with Lebanon, after two weeks have passed since the agreement was placed on the Knesset table. The meeting ended at 12:00, then Prime Minister Yair Lapid signed the agreement. The signed agreement will be brought to the American mediator Amos Hochstein. Later in the day: the official signing ceremony of the agreement with the participation of the Israeli and Lebanese negotiation teams at the UN base in Bankura, and its submission as an official...

Winter time will begin tonight on October 30, 2022, Thursday in Sheshon Tashpag, the night between Saturday and Sunday. At 2:00 in the morning the hands must be moved back one hour to 1:00. With this, summer time will end, which lasts 219 days this year. Winter and summer time were determined according to the latest version of the "Time Law" from 1992, which was amended in 2013. The law states that "every year, during the period from the Friday before the last Sunday of March at 2:00 a.m. to the last Sunday of October at 2:00 a.m., the time in Israel will be advanced by one additional...

Pepper, the digital bank from Beit Leumi, received official approval from the Bank of Israel this weekend to allow its customers to trade in virtual currencies. The service, which was announced about six months ago, will be available to customers through the Pepper INVEST capital market trading application and is expected to be launched within the next month, when the waiting list for the service will open in the coming days. In addition, in the future the service is expected to be extended to Bank Leumi customers as well

The Ministry of Transportation and the Israel Railways is promoting the national project "The Eastern Railway" which will be an additional railway axis between the northern region, the center, and the south, and will allow for a significant improvement of the railway service all over the country, alongside a significant increase in cargo transportation, which will reduce road congestion, air pollution, and increase Safety of all road users